Abstract :
General Electric Operations Increased in 1934. — At the March meeting of the board of directors of the General Electric Company, the preliminary results for 1934 were presented, showing orders received amounting to $184,000,000, compared with $143,-000,000 in 1933, an increase of 29%, and sales billed of $164,797,000 compared with $136,637,000 in 1933, an increase of 21%. The average number of employees was 49,642 compared with 41,560 in 1933. The total earnings of these employees amounted to $75,227,000 as against $55,287,000 for 1933. The average annual earning increased 14% over 1933. Between March 1, 1933 (the approximate low), and December 31, 1934 (the high), the number of employees on the payroll increased almost 37%, and the total annual payroll rate increased from $47,604,000 to $81,300,000, or 70%. At the end of 1934 there were 196,248 stockholders compared with 188,316 a year earlier.